Source: SportsHero
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • SportsHero (SPO) signs its first commercial agreement for China with Wuhan Monster Technology
  • The three-year, legally binding term sheet is with the commercial and operating arm of the Wuhan Esports Association, the second-largest gaming association in China
  • The parties have agreed that all revenue generated from all sources will be distributed evenly, including memberships, subscriptions, advertising and sponsorship
  • SportsHero says it’s now well positioned to benefit from the continued rapid revenue growth of the Chinese gaming sector
  • SportsHero pauses trading with shares last trading at 2.7 cents

SportsHero (SPO) has signed its first commercial agreement for China with Wuhan Monster Technology.

The three-year, legally binding term sheet is with the commercial and operating arm of the Wuhan Esports Association, the second-largest gaming association in China.

Through the contract, SportsHero’s app, including its artificial intelligence prediction competitions, will be promoted on WeChat to all of Wuhan Monster Tech’s (WMT) leagues, teams registered gamers and their existing and potential partners within the city of Wuhan and the greater Hubei region.

WeChat is amongst the world’s most popular apps with over one billion monthly active users.

Along with developing and operating the Chinese app, SportsHero will provide relevant tournament and registration management technology, including artificial intelligence predictors for esports on WeChat.

In return, WMT will promote, engage, and activate all its leagues, teams, registered gamers and promote SportsHero’s app amongst all existing and potential partners.

The parties have agreed all revenue generated from all sources will be distributed evenly, including the memberships, subscriptions, advertising and sponsorships.

SportsHero said it’s now well-positioned to benefit from the continued rapid revenue growth of the Chinese gaming sector, which is currently the largest esports gaming market in the world.

SportsHero has paused its trading with shares last trading at 2.7 cents.

SHO by the numbers
More From The Market Online
Tariff concept

Week 14 Wrap: Tariffs tank markets as expected; will Rio Tinto ditch LSE?; EU ETFs soar

Let's start with the obvious one: Trump's wave of "Liberation Day" tariffs have finally come, and…
The Market Online Video

HotCopper Highlights for Week 14 – Mesoblast, Cettire, Neurizon & more!

Good Afternoon and welcome to this edition of HotCopper Highlights, I’m Jonathon Davidson. Let's get into…
Flag of Spain

Elementos publishes robust DFS for Oropesa tin project

Elementos Ltd has seen its shares rise more than 2% following its release of a definitive…
The Market Online Video

Friday’s HotCopper Trends: Mesoblast dodges tariffs, Orthocell’s FDA tick | April 4, 2025

The ASX has been down 1.5% at 7,739 points this morning.